Facebook rolls latest update for Messenger, signs new deal with PayPal


But now it's gotten probably a major boost as PayPal has been added as a funding source for peer-to-peer or P2P payments.

The latest Facebook Messenger update can manually be performed through an APK, which can be downloaded from APK Mirror. Basically, this means that PayPal customers will be able to receive payment and account support directly in Messenger.

The new PayPal payment feature is locked to the U.S. as of right now, which is a bit of a bummer.

Additionally, a user can also receive the money from anyone via Facebook Messenger.

For the first quarter, PayPal reported a net income of $384 million, or 32 cents per share, while revenue jumped 17% to $2.975 billion, year-over-year. PayPal allowed Messenger users to shop and pay using its money services since a year ago, but the option to send money to family and friends wasn't available until today. What makes this development even more significant is the fact that now sending funds through the Messenger would be as easy as sending a picture.

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Exchange of money through Facebook's Messenger app has been going on for quite some time now.

When chatting on Messenger, one can tap on the blue plus icon and select the green payments button to quickly send or request money.

PayPal's new chatbot also shows how new tech capabilities can handle more complex requests from users aside from simple notifications. PayPal's COO Bill Ready says, "The unique thing here is that Messenger has opened up a platform that allows us to not only have a one-to-one communication, but there's a platform where we can go resolve things right inside of Messenger".

This is an interesting move made by these giants. People will have the option to send and request money using their PayPal account, and this integration in Messenger is starting to roll out to USA consumers today.